Stocks close higher Thursday

Stocks surged on Thursday as investor confidence grew following positive consumer and labor data that eased recession fears.

The Dow Jones rose 554 points (1.39%) to 40,563.06, the S&P 500 gained 1.61% to 5,543.22, and the Nasdaq climbed 2.34% to 17,594.50.

Strong retail sales and a drop in jobless claims boosted the market, which has rebounded from earlier August losses, CNBC has reported.

read more: https://www.cnbc.com/2024/08/14/stock-market-today-live-updates.html

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